Tuesday, 8 August 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 08 AUGUST 2017

Naturalgas trading range for the day is 176.3-181.5. Natural gas edged higher, bouncing back after falling to the lowest level in more than five months at the end of last week. Prices saw a weekly drop last week, its third such loss in a row, amid bearish weather forecasts that should limit demand for the fuel. Natural gas prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting outlooks on summer cooling demand.